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not be willing or able to, seemingly, take on big tasks. >> that happened all this week. kristin is live at the white house. a lot of talk. we're one day closer to that deadline. what can we expect to hear from the president in the next hour? >> hi there, richard. we expect the president to continue to push to get a big deal. what's a big deal? about $4 trillion in deaf sigz reductions over the next decade. at the end of last week, it looked like he and speaker boehner were moving towards the same page in terms of trying to get a big deal. that fell apart over the weekend. so we expect the president to resume calls for a big deal to say now is the time to seize the moment. there will be political pain on both sides. what he means by that is the democrats will have to come to the table over entitlements, making small changes to things like social security and medicare and the republicans will need to come to the table in terms of rolling back tax break for wealthy corporations and americans. as you said, richard, he's going to hammer this point that they will continue to work until they g
today? >> this wouldn't be the big deal if this is the only day, but this is day after day the spring into the summer. then let's pile on a top of humidity. that gets to the people and aggravates everyone. this is where the center of the heat is. right over the top of the eastern half of the country with the exception not being up in the great lakes. this is already the heat index. what time is it? it's 10:00. we are at 105 already in louisville. areas of memphis, nashville and st. louis are right behind. the worst has been centered over the ohio river valley and southern indiana. later today, this is my forecast heat index. this is how hot i'm predicting it's going to get. the worst is up here with the dew points at the highest. we are thinking 110 in louisville, 110 in nashville. i've got my money on 115 in memphis as the hottest heat index in the country. it goes from oklahoma city to the east coast. this is one of the first humid days we had from new york to deep, deep baltimore, raleigh. you go down the coast with no exceptions. this is historic in oklahoma city. we now had 13 da
's to resume their position because there's an answer to the big question. >> lilia luciano on verdict watch for us in orlando. thank you so much. >>> i want to bring in our legal panel to talk about deliberations and which side did a better job of proving its case. we have diane dimond and former prosecutor wendy murphy on the right side of your screen. thanks to both of you for joining us today. >> sure. >> before we get started, i want to play a bite from defense lawyer jose baez who on monday raised the issue of reasonable doubt, telling the jury they have it. take a listen. >> these are the facts that you have heard. and these are the facts that prove beyond a reasonable doubt that casey anthony is guilty of murder in the first degree. reasonable doubt lives here. it's throughout the case. it's right here. it's with these individuals. it's with those individuals. it's everywhere. you can't trust this evidence. you can't. >> all right. so we started with the prosecutor first. wendy, let me start with you. did the prosecution remove any reasonable doubt? many say that jose baez may have a
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
after trying to make a jailhouse visit? ♪ >> and a big turnaround for the music industry. how artists like lady gaga played a big role in the recovery. >>> good morning. i'm alex witt. welcome to msnbc saturday. first we go to the legacy of betty ford. the former first lady completely changed the way americans talk about addiction, breast cancer, and other tough issues that people used to deal with in silence. mrs. ford died last night at the age of 93, and she said she was an ordinary woman called on stage at an extraordinary time. nbc's brian williams has more. ♪ >> reporter: we got to know her all over again during the week of mourning for president gerald ford, her strength and dignity still intact 30 years after leaving the white house. >> i was an ordinary woman called on stage at an extraordinary time. >> the president's first and our first lady, betty ford. >> reporter: elizabeth bloomer ford, never expected to be anything other than a congressman's wife. >> his wife, betty ford. >> reporter: but she became first lady the day richard nixon resigned. it was, she later said, t
to ask the big oil companies to give up one dime not one dime of their $4 billion annual subsidy. they have refused to ask big corporations to give up one dime in their corporate loopholes. what we are negotiating with is a group of people who won't compromise. a group of people who have said we want the middle class to pay more taxes so that big corporations can pay less. we want seniors to lose their medicare so that big oil companies can continue to foost on their subdis. that's what the problem is. >> the case that republicans have taken a hard line on talks, at the same time democrats are taking what sounds like a hard line on entitlements. let me read a statement from leader pelosi that says we continue to oppose benefit cuts in social security and medicare. these pillars should not be used a as piggy bank to subsidize tax cuts for the wealthy. are democrats not just as guilty of failing to compromise as republicans are in this case? >> no, absolutely not. what we have said and i think most americans would agree with this is the middle class and seniors should not be asked
that he may lose from his base if he ever gets to the point where he's really going to cut the big three. i do give the president a great deal of credit for fighting the republicans like this and standing up to them. they're a reckless party and they don't care if they have another financial meltdown in this country. this is one of the most un-american things i think i have ever seen play out by a political party. president obama is putting politics aside. it's time for the republicans to do the same. i mean, when the president says this may sink my presidency, he's willing to have that happen as long as it saves the country financially. for once, for sure, we can turn to washington and see that there is someone and it happens to be president obama who's willing to put country first at the stake of -- at the sake of possibly losing his base in a very important election cycle and it may, of course, jeopardize his re-election. he's got 77 people in the house who signed on a resolution saying no cuts to the big three and willing to go to war with them as well to save the economy. where are
>>> good thursday, everybody. i'm contessa brewer covering the big news coast to coast. we begin with breaking news out of texas, where authorities have arrested an army private assigned to fort campbell, kentucky. officials found bomb-making materials in his hotel room. that arrest came after someone reportedly overheard the private threatening to stage an attack on the army post at fort hood. fort hood was the scene of a deadly shooting attack in november 2009. major nadal hassan is accused of killing 13 people and wounding dozens of others. pete williams has the latest from washington now. pete, what do you know about this arrest of the private? >> reporter: right. well, good afternoon. you saw killeen, texas on that map. that's where he was arrested. he's a private first class assigned to fort campbell, but arrested in texas yesterday and according to law enforcement officials, what happened is he went into a gun store in killeen, texas and was asking questions that the gun store owner thought was suspicious. he was also buying smokeless powder which can be used for a variety
, to have a big fight in washington about what we are going to prioritize in this country, what we are going to spend money on and not going to spend money on. the president said yesterday the fight about the debt ceiling is not going to be some short-term stop-gap measure to tie the fight over to another day. the president said he wants to have the fight now. we are coming out of the great recession, but still tough times economically. given that, how should we be allocating our resources as a country? the republican stance in this big argument, the republican position is that they will not allow taxes to go up one penny, even if democrats only want to raise taxes on the richest people in the country. >> a tax hike cannot pass the u.s. house of representatives. it's not just a bad idea, it doesn't have the votes, and it can't happen. the american people don't want us to raise taxes. >> american people do not want us to raise taxes, makes for a nice, tidy, talking point in this fight. it does not, however, appear to be a true talking point. most recent poll to poll on this question said when
a democratic president at the table willing to make major changes in the big three, to the tune of $4 trillion across the board, and the republicans won't take the deal. it's rather amazing. why? are they afraid that president obama might do well with independent voters? are they miscalculating the fact that the base would be furious with the president if he were to cave in on the big three? and president obama tonight in my opinion is emerging as the most honest broker maybe washington has seen in a long, long time. he openly states he's willing to put his presidency on the line to bring both sides together to get a deal, and the only way he believes that can be done is if some revenue from the wealthiest americans comes into the treasury. and the republicans won't budge. it's amazing, it really is amazing. president obama is trying to make an honest negotiations at the decade. this is what republicans have wanted for decades. they have a democratic president that's willing to do it and they walk? because of revenue? amazing. for more on tonight's meeting, sam young man. white house correspon
come back from europe, there's a disparages disbelief. last thursday there was a big meeting about the euro zone crisis. whatever you think of the plan they come up, however, they all came together, came up with a plafç to avert crisis. looking at washington's politicians and thinking, hey, hang on a minute, they're as -- >> didn't you run a bureau -- >> i was in italy last week in fact. the analogy is apt. the difference is the market shook italy two weeks ago into doing something. they pass add 40 billion euro austerity plan, because the market freaked out. >> and in england as well. we held that deficit reduction, because we were worried about the market. here? >> i want to go back to jonathan's point, and this is -- i think people are trying to understand the implications. because america is the reserve currency of the world, because all the oil, the commodities, everything that exists, that china sells to brazil, that saudi arabia sells to europe is priced in u.s. dollars. it is incredibly unclear to what the implication of not paying it, because it is the only currency. beyo
with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
>>> the big story today, money talks. i'm matt milner for dylan ratigan. you'll be shocked. no magic the fix out of today's bipartisan sitdown at the white house. more agreeing to disagree for now. >> nothing is agreed to until everything is agreed to and the parties still far apart on a wide range of issues. everybody acknowledged that there's going to be pain involved politically on all sides. >> still, the president hinting at subtle signs of progress. now pushing to double the size of proposed spending cuts to $4 trillion over ten years. democrat and republican leaders will work through the weekend and meet with president obama again on sunday. areas of potential xpra mize, closing loopholes in the tax code if it doesn't sound like a tax code and changing yearly adjustments for social security. yes, social security is back on the table. though the white house says their only goal, "strengthen the program." keep in mind the august 2nd august debt ceiling deadline is less than four weeks away. mike viqueira is live on the lawn of the white house. what if anything was acco
that tim geithner and his chief economist, gene sperling, and jack lou were making one more big push for the big cuts republicans say they want. if they turn their back on those big cuts, the president is in the strongest position to say they are not living up to their principles. >> and there is no chance of them accepting any kind of big deal at all because the president is insisting that there be tax revenue increases in there. so the president knows that he is pushing something that they absolutely cannot agree to. so at this point, what the president does seem to be doing is what you just said, is making his position appear to be the one who wants to do the big move on deficit reduction, and forcing these republicans to back away from big deficit reduction, thereby, he hopes, neutralizing deficit reduction as an issue against him in the presidential campaign. >> well, look, he's talked about deficit reduction all the way through. but remember, it's not just his position here. it's 2/3 of the american public. we have a slew of polls here saying that 2/3 of the american people wan
was no big deal for this pipeline, they can handle it. what's believed to have caused this oil spill? high waters in recent weeks that may have exposed the pipeline to debris. exxon mobile, reviewing its own safety record to make that decision is important here because it calls to mind exxon mobile's safety record. july of last year, officials notified exxon the pipeline was against violations of the law. they were in apparent violation of emergency response training, rules governing the potential corrosion of pipe, and having out of dates maps and records of the pipeline. exxon records included valves on the pipeline that no longer existed. exxon says they still haven't seen the pipe that caused the mess in the first place. exxon saying "we are very curious about what may have happened at the bottom of the river." they have to be curious about it because they still haven't seen it. again, exxon mobile is one of the most-profitable companies on planet earth. exxon is one of the most-profitable companies the earth has known in the history of people making profit with companies, yet four day
>>> the big divide. congressional leaders return to the negotiating table in a few hours trying to hammer out a deal. the two sides farther apart than they've ever been. the question is, if not now, when will a deal happen? >>> the extreme heat is the number one killer in the u.s. claiming more lives than tornados, floods, even hurricanes. how bad things are getting across the country right now. >>> praying gay away. the secret videotape involving presidential candidate michele bachmann and her husband's clinic. does their business claim to have a cure for homosexuality? calling rupert murdoch, the media magnate and his son have been called before parliament to explain the phone-tapping scandal that could bring them down. >>> i'm thomas roberts. we get to president obama preparing for another round of debt talks with congressional leaders as the clock continues to tick. speaker boehner reenforced his party's message and put pressure on the president this morning. take a listen. >> this debt limit increase is his problem. i think it's time for him to lead by putting his plan on t
on this block. ben's a re/max agent, and he's a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. ♪ [ cat meows ] ♪ [ whistles ] ♪ [ cat meows ] ♪ [ ting! ] [ male announcer ] travelers can help you protect the things you care about and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. >>> no shocker here. david wu is calling it quits. the oregon representative will resign over allegations over a sexual relationship with an 18-year-old girl. he will not make it official until the debt ceiling. >>> congress member gutierrez was arrested in front of the white house. he was arrested in may of 2010 in a similar protest. >>> elizabeth warren is going back to harvard. she left to start the consumer protection bureau. >>> a new survey shows facebook is the preferred social media method for members of congress although twitter is growing in popu
>>> the big story today, job wars. good afternoon, i'm matt miller, in for dylan ratigan. more than 14 million americans still out of work, further complicating the drive for a long-term budget deal. can a deal on the debt quell the uncertainty some say hurts hiring or will new spending cuts, themselves, kill jobs and turn a bad economy worse? the labor department reports a net gain of only 18,000 jobs last month. just 18,000. that's even worse than may reese' vised 25,000. at this rate the economy needs to add nearly 14 million jobs in the next three years to get the rate down to 6%. that's 382,000 a month. and we've never seen that kind of growth ever. and don't forget, that 9.2% unemployment rate is deceiving when you add in the nearly 1 million this couraged workers who have given up hope and 8.6 million settling for part-time gigs, the rate balloons to more like 16%. republicans are already running with this report, heading into sunday's do or die debt meeting at the white house. get a listen. >> the stimulus spending binge, excessive government regulations, and our overwhelmin
is better. >> more than 550,000 donors. >> willing to go big here. >> a shock and awe report. >> what a juggernaut this was for the president. >> mr. mcconnell said the day i was elected president, to see me beat. >> now i'm not the only one who knows the president is winning. >> republicans don't have a chance. >> mr. mcconnell who waves the white flag. >> mcconnell squawks, boehner balks, and cantor woes. >> trying to win the spin game. >> the senator republican leader says hey, i got this other nifty back-up plan. >> this is a complete betrayal of the tea party. >> let's be in a position to blame president obama. >> mitch mcconnell trying to become senator majority leader. >> tea party republicans are not exactly on the same page. >> inmates are truly running this asylum. >> we cannot go on scaring the american people. >> piece of legislation. >> this is a misnomer. >> as i fumble for the acronym, it guarantees to keep the promise. >> continue to be challenged by pledges they just can't keep. >> there's something out there caed the marriage vow. >> michele bachmann, who attempted t
should we expect the prosecutor to respond. >> the issue is whether this is one big lie or four little lies. so what the defense is saying is it's kind of like, if you get -- if the case is you lied to a police officer about speeding, you said, oh, well i had to get to the hospital because my mother is dying of cancer. well, when did the doctor tell you this. he just told me that 15 minutes ago. he told me to get here as soon as i can. is that three different lies? the government is going to say, yes. each of those lies required a different action. they took up more government time. they caused more delay from getting to the real investigation of this case. >> how did you -- how would you interpret the judge's questioning pushing back? >> my interpretation of that is -- at least based on the defense argument, he's not quoting the right standard. and the standard is not government reaction. otherwise, if, for example, let's say miss anthony lied and the government -- and the police didn't do anything -- >> let's hold down here a minute. >> are you saying that miss anthony did not have t
, people of the big banks were summoned to the meeting at a federal reserve bank here in new york and cnbc's bertha coombs has details for us. >> investors who buy u.s. treasuries buy them through banks, and this morning the treasury asked those bankers and dealers who help to sell the treasuries to investors to come in and talk about the situation as the debt ceiling limit looms. it was a regularly scheduled meeting, because on wednesday is normally the day that the treasury would announce the next action of debt, but obviously, that comes after the deadline. from bankers we talked to and senior treasury officials, they didn't really outline any contingency plans about what would happen if the debt ceiling deadline is not extended. a number of bankers have told me they anticipate what would happen is that those debt auctions would likely be postponed. we saw it happen back in 1995 when the government was shutdown. it was postponed for several weeks in terms of the auction, because essentially, if the government doesn't have the authority to increase that, then the treasury can't issue mor
brewer, covering the big news from coast to coast. the big story today, casey anthony will be out of jail in less than one week. moments ago, we learned the florida mother acquitted of murdering her own 2-year-old daughter will be released next wednesday, july 13th. on tuesday, she was convicted on all counts of lying to police. this morning, judge belvin perry announced what that would cost her. >> i will sentence you to one year in the orange county jail, imposing a $1,000 fine on each count. all four counts to run consecutive to each other, giving you credit for the time that you have previously served. >> that credit amounted to just over 1,000 days. let's go live now to orlando. nbc is outside the courthouse with the very latest on what has happened this morning. good morning to you. >> reporter: good morning, richard. that was six days short of the worst case scenario for those protesters that gathered around this morning outside the courtroom. certainly not comforting, not even six weeks or six months, not even six years is anywhere near what they wanted or what they consid
big change in the miles per gallon for u.s. automakers. a hyche change. of course, the focus is on the debt talks. >>> you're watching "the daily rundown" only on msnbc. ooo whatcha got there? uh oh, sesame stir fry from lucky dynasty. oh, me too! but mine's lean cuisine, so no preservatives. [ female announcer ] lean cuisine has 90 dishes with no preservatives and quality ingredients like farm-picked broccoli and tender white meat chicken. lean cuisine. energy is being produced to power our lives. while energy developement comes with some risk, north america's natural gas producers are committed to safely and responsibly providing decades of cleaner burning energy for our country, drilling thousands of feet below fresh water sources within self contained well systems and using state of the art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment we are america's natural gas. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i
they are in crisis mode. a big vote coming this afternoon in the house. members will consider speaker john boehner's debt bill. but even if he can rein in tea party members to get it passed, 51 democratic senators vowed to block it. >> if this debate continues to be driven by the extremes, well, whether we go off the cliff august 2nd or go off the cliff at the end of the year, we'll be at the same place. >> i've got a little rebellion on my hands every day. it comes with the territory. >> you're not worried. >> never let them see you sweat. >> i think we'll end up in a stalemate. i anticipate that the boehner bill will get through the house today after he's pushed his folks kind of hard, and then it will be dead on arrival once it gets to the senate. >> of course, time is running out. default just five days away and things are getting so bad the u.s. treasury is now weighing which bills to pay if the country defaults. michael scherer is the correspondent for "washington post," and louise story, according to politico republican leaders are very prepared to say to the president take it or leave it.
'm a little bit of a restaurant of history. and there are a lot of real big things that have been gone in this country by executive order. president truman up until this point my favorite president of all times. integrated the armed services by executive order. couldn't get the congress to do it. there seemed to be little support for it my hometown senator left the democratic party buzz he did it and ran for president as a states rider. but the president did it. it was a bold move and as far as i can tell people like colin powell are very thankful that president truman did what he did. >> in the current case let me ask you about the whip count you were the whip and still a great vote counter are you and steny hoyer and nancy pelosi going to give john boehner an exit strategy with some democrat votes since it's clear he doesn't have enough votes just relying on republicans? >> if he were to come to the floor with a bipartisan bill, i think he would get bipartisan support. right now he's running this on his own within his own caucus. he is not involving nancy pelosi or steny hoyer or you
of india one of the ten largest in the world. another big story we're coffering today, divided over the debt. with the debt clock tick angd the two sides no closer to a deal, the senate's top republican tosses out a hail mary pass. >> after years of discussions and months of negotiations, i have little question that as long as this president is in the oval office a real solution is probably untaenable. >> mr. mcconnell said i think the day that i was elected that his job was to try to see me beat. i think what the american people are looking for is not that kind of partisan politics. >> back to the bargaining table they'll go today. both sides seemingly dug in. no clear way forward and president obama warning the dire consequences. >> can you tell the folks at home that no matter what happens the social security checks are going to go ou on august 3rd? >> i cannot guarantee that those checks go out on august 3rd if we haven't resolved that issue. there may simply not be the money in the coffers to do it. >> with pessimism growing, republican leader mitch mcconnell is pitching a plan
's mark zuckerberg has up his sleeve now. ♪ [ male announcer ] achievement: has big plans. achievement: plays well with others. ♪ achievement: loves getting its hands dirty. ♪ achievement: is ready for the world. that's why pnc created grow up great®, our 10-year, 100-million-dollar program committed to early education and helping achievement start young. pnc bank. for the achiever in you(sm). fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! [ jack ] yeah, this is pretty good. [ male announcer ] half a day's worth of fiber. fiber one. >>> you can get away with murder. a woman like me, you're invisible. she got away with murder. >> this is an injustice. this is stupid. how in the world? >> the outrage of the casey anthony verdict has been swift and unrelenting on blogs, twitter, around the water cooler at work this morning. people are asking, did she get away with murder? let's bring our legal experts in, former prosecutor susan filan and alex faer, host of judge alex. good morning to both of you. i'm sure you're not surprised at the rea
get something done. there's a real big problem here inside the republican conference, and nobody on the democratic side should be held responsible for that. we are together on the democratic side. we want to get this thing done. we want to put skin in the game, and we seem to be getting pushed back on every front, from the republican side. and that is a real, real big problem. somebody ought to be speaking for the republican party on this issue. >> congressman jim clyburn, thank you so much for being here this morning. >> thank you. >>> president obama proves he's still a prolific fund-raiser. wait until you hear how much money his campaign officially raised with the dnc in the second quarter. that coming up in five minutes. but we've got some breaking news right now. police say three explosions have rocked mumbai, india. it happened in a crowded neighborhood in the central part of the city. the other two blasts hit a famed jewelry market and a busy business district. no word yet on any injuries or deaths. we are working to get more information. we'll have more updates as they be
to respond. >> i think that i would describe it as dire. and we have three really big problems. we have a spending problem. we have a debt problem. and we have a jobs problem. >> wall street's reaction to all of this a sea of red there. you see the dow down 103 points, and the s&p down as well as the nasdaq. joining me is washington post columnist ezra klein who is also an msnbc contributor, and ezra, thank you for your time, and let's look at the big picture here, because this big number here, you can use the words disappointing and abysmal, and unsettling, and that is not good news for the obama administration, and what do you say? >> i use stronger words than that terrible. it is larger than the obama administration, because we see that the economy is not recovering. since march, we have added 540,000 people, and that is not a slow recovery, but the opposite of recovery, backsliding. meanwhile, washington is caught in the same narrow arguments, and john boehner says debt and spending. no, we need to focus now on jobs and we need to make that priority number one and not endlessly argu
-term deal. let's look for the big fix. the president says, luke, let's go for the big fix and now the republicans are going, wait a minute. what gives? luke. >> politics is the art of the possible. a lot of folks on capitol hill feel right now that a short-term solution is the only thing possible because of the eight-day time window that you mentioned. that being said, there are two very different plans which you talked about in the introduction which are going through capitol hill right now. speaker boehner plan is going to have an extension, which gets us through the wipter. i'm told that speaker boehner's going to brief his house republican conference at 2:00 p.m. about the details of that plan. won't get extremely specific. then for all intensive purposes it looks from discussions i've had with certain aides that you can see as early as wednesday a house of representatives votes on speaker boehner's plan. harry reid is going to go his own way with a $2.7 trillion reduction plan across the board. both of these contessa are different than any of the grand bargains. reid's extend
by decisions four, five years ago, mostly by republican congress and president. it's like having a nice, big dinner with a few friends at the restaurant and then saying we're not going to pay the bill. that's what not raising the debt ceiling is. >> and when you look who we owe the money to, 44%, the biggest percentage of our debt is owed to the federal reserve, which is -- if we're going to not pay debt, instead of not paying social security or veterans, why not just pay the federal reserve since we're subsidizing the banking system anyway? >> you could do that but i gang ter wouldn't get you very far. it might get you a few days. the problem is that -- if you don't raise the debt ceiling shortly after august 2eneden the secretary of the treasury is faced with a choice of breaking the law. the question, which law? one law says the debt ceiling says you can't borrow to pay the bills. but the anti-impoundment act of 1974 says you must pay the bills and you must spend the money congress appropriated. you can't not spend that money. >> you must not -- like being told you must not think about th
that links murdoch, voice mail hacks, and the british prime minister. in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. so i took my heartburn pill and some antacids. we're having mexican tonight, so another pill then? unless we eat later, then pill later? if i get a snack now, pill now? skip the snack, pill later... late dinner, pill now? aghh i've got heartburn in my head. [ male announcer ] stop the madness of treating frequent heartburn. it's simple with prilosec otc. one pill a day. twenty-four hours. zero heartburn. no heartburn in the first place. great. >>> we here at the last word would like to help the debt ceiling debate. where can we find tax revenue to improve the economy? here's one idea, headline hat tip to alternate. if just the top 25 hedge fund managers, 25, 2-5, paid taxes like you and me, we'd cut $44 billion off the national de
boehner and president obama are still in contact. they are still working towards an agreement. big stumbling block, taxes still in the way, martin. >> i should explain, mike, that you're inside because there's a lot of rain outside the white house today. >> another major storm, that's right. >> absolutely. >> thanks so much. >> well, now that he's walked out of debt talks with vice president biden, taken a fight to president obama and clashed with speaker boehner, is there any compromise that will sit with house majority leader eric cantor? nbc's luke russert is covering that. republicans, what are they willing to sacrifice in order to reach an agreement? got a copy of the "washington post" which liberally quotes you, but have you been able to get an answer to your question yet? >> reporter: no, and they offer two explanations as to why, martin. number one, they say that a concession republicans are making is just in fact allowing the debt ceiling to go up because that's something that's so unpopular within the house republican caucus. the popular sentiment here in washington, d.c.
its act together? >> undoubtedly washington is broken. the big problem, though, is that you have two sides who are still way, way far apart, and the clock is sticking. i mean, we have to have an agreement by tuesday, or interest rates not only for the federal government, but really for average people with regard to auto loans, variable rather mortgages, everything else, start going up. the possibility, thomas, is those interest rates could go up very, very dramatically. that will bring the economy to a screeching halt. that would mean that the jobs crisis we have right now would become even larger. nobody wants that, or at least they say they don't want that, but after listening to a lot of the pontifications last night, i'm not sure. >> this is a clip from the president's address last evening, describing what government is like. take a listen. >> we can't allow the american people to become collateral damage to washington's political warfare. the american people may have voted for divided government, but they didn't vote for a dysfunctional government. >> certainly most of us think
party, there is concern about michele bachmann and her draw for the nomination, and will she get the big republicans to come to her corner? well, i would put my money with a candidate like romney or pawlenty more than bachmann. >> and is romney's recent performance enough to scare another person to come into the race like a chris christie or -- >> or rick perry. >> -- from coming in. >> no. he is an establishment kind of guy and a donor base on the side, and then you get numbers like this which upends the idea that he the white knight for the establishment, because people want another alternative. >> alex from the "huffington post." >> thank you, ezra. >>> stop the presses, and that is exactly what rupert murdoch has done amid a growing hacker scandal. [ female announcer ] kiss everything you know about cookies goodbye. new newtons fruit thins. real blueberries and blueberry brown sugar... crispy whole grain. newtons fruit thins, one unique cookie. newtons♪ uit thins, ♪ ♪ ♪ introducing purina one beyond a new food for your cat or dog. but now i see the splash., ♪ i wanted love
is prepared to shoot at big targets in afghanistan. it's a bad signal about how ready the pakistanis are to confront terror networks in their own country. >> jane harman from the woodrow wilson center, thank you very much. >>> and up next here, the arab uprising and the secret weapon being used to get around governments trying to silence the masses. >>> and still ahead, education nation, the battle over no child left behind in congress. my conversation with arne duncan here in aspen. [ woman ] we take it a day at a time. that's how it is with alzheimer's disease. she needs help from me. and her medication. the exelon patch -- it releases medication continuously for twenty-four hours. she uses one exelon patch daily for the treatment of mild to moderate alzheimer's symptoms. [ female announcer ] it cannot change the course of the disease. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as
's a really big misunderstanding about folks like myself that got elected in 2010. sure, i sprang from the tea party, but what the tea party is all about is we love this country. we realize we're bankrupting, and the only guarantee i made during the election is i would not vote -- i would never vote with my re-election might not. that's what i i came here for. i came here to actually fix the problem. that's a little different. the long-term politicians here aren't used to that type of commitment to saving our country. that's really the difference here, and until the political class here understands that, they're going to continue to misunderstand what the tea party is all about. not crazy. we're patriots. we love this country. we don't want to see it go bankrupt. >> senator ron johnson. good to have you on with us. >> thanks for having me on. >> the man who confessed to slaughtering at least 93 people in norway has been arraigned in court this morning. take a look. this is the photo just released, showing anders breivik leaving court. the judge ordered the court doors to be closed so he wouldn
36 hours will be crucial to decide if a big deal can win support from congress. >> everybody around the table agreed that there is not an option of allowing the debt limit not to be extended so that america does not default on its debt. >> what we have here is a lack of leadership from the white house on what we know is mathematically is necessary to fix this problem. >> we've look the at all available options and we have no way to give congress more time to solve this problem and we're running out of time. >> nbc's kristen welker is live at the white house. is there still hope for a deal? >> reporter: in many ways, it is. good morning to you, chris. president obama told congressional leaders it's decision time. he said we're going to take the day off for a meeting on friday, go back to your caucuses and then come back to me. talks right now are stalled, they've been dealing with the same issues. president obama saying he wants a large deficit reduction package, he says he'll come to the table over entitlement reform if republicans will come to the table for rolling back tax credits
>>> welcome back. i'montessa brewer back in the saddle covering the big news coast to coast. we begin with breaking news. the judge in the roger clemens perjury trial has just declared a mistrial. nbc's pete williams is in washington, d.c. what's the judge saying about this trial, pete? >> reporter: well, the judge has said he'll decide at a hearing on september 2nd, almost two months from now, where we go from here. this trial had just started yesterday with opening statements from both sides and the prosecutors had begun calling witnesses, but the judge had told the prosecutors in advance that certain evidence was off-limits and one of the things that was off-limits was related to testimony by a friend and former teammate of roger clemens named andy pettitte who had played with him on two major league teams. andy pettitte has said that roger clemens told him he used human growth hormone. clemens says that pettitte is mistaken. what's at issue here is a legal document, sort of sworn statement by the wife of andy pettitte, who says yeah, i heard my husband tell me that roger tol
of war widows being hacked. seems that's making a lot of headlines in england. how big is the fallout of this story going to get? >> well, i mean it's reached a level to everyone in the uk has found astonishing. a story for a long time has been bubbling under and has been the preserve of a group of people who are interested in the media. now it's coming of something that's of obsessive interest in the country that are normal people, have not done something wrong, widows of people who have been killed fighting for the country in a war, absolutely astonishing. >> maybe a dumb yes question, why were they hacking these voice mails, using these for scoops in the paper? was that the intent? >> right, right, exactly. what's astonishing is shows they were doing it on fishing expeditions, not when they had a big story they wanted to confirm. whenever they had somebody's phone number, they'd go through their voicemails to see if they could find. they were looking at the voice mails years after the death of the soldiers basically hoping to get good, private information that would give them the j
will talk about it, it's a big twist in the budget debate. >>> welcome back to the ed show, senator james inhofe has introduced something called the pilot's bill of rights. i'm a pilot, i'm all ears. you see, senator inhofe is the pilot who made a dangerous, completely wrong headed landing at an airport last october. it was at the cameron county airport in texas, where he landed on a runway closed for repair. see, the runway had a large x on it. and was full of construction workers who literally ran for their lives as inhofe just hopscotched over them according to a construction supervisor. the airport manager said this -- >> i've got over 50 years flying, three tours in vietnam. and i can assure you i have never seen such a reckless disregard for human life in my life. >> when mr. inhofe got out of the plane he reportedly said, what the [ bleep ] is this, i was supposed to have limited airspace. that has nothing to do with an x on the runway, my friend. the faa gave inhofe a huge break compared to any other pilot that may have done that. saying his sanction would be remedial training ins
. the president has made clear that he believes that this has been an opportunity to do something big and historic that requires political will by democrats and republicans, a willingness to take heat from your base as opposed to placate your base, but it requires a will on both sides, and with that i'll take your questions. mr. feller. >> thanks, jay. two questions. we're obviously 24 hours closer to potential calamity here. is the white house any closer itself to a strategy and what's the president doing to achieve it? >> as you know, congress needs to take action. we have been intensely engaged in negotiations, in conversations, in proposals and counterproposals with congress at a variety of different levels. the talks led by the vice president, the private conversations and negotiations that the president had with the speaker of the house. we have continuedç even since e speaker of the house walked away from those -- from that potential compromise last friday, we've continued to have conversations with all levels, with democrats, republicans, principals and staffers in search of a solution t
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, the immigrant was able to tell about the big powerful man and get him in trouble. it seemed appropriate. now, it's going to turn on her. goliath is going to turn on david. >> what do you think is going to happen in the courtroom? do you think the judge will revoke bail? allow dominique strauss-kahn to leave the country? >> they will decide on terms to release bail. the $5 million bail will be lifted. his passport will be retained. he'll be able to move around the united states, not the country. it's a question of time before the charges are dropped. i think she's going to face perjury. >> let's remember, jonathan pointed this out, according to prosecutors, there's dna evidence in the case that, in fact, there was sexual contact. will this be an acknowledgement it was consensual? >> no one will ever know. if she's a liar about something, she's got to be discredited about everything. maybe it was consensual. who knows, but it's no longer a prosecutable case. you cannot keep going in court with it. it's got to be dropped. we'll never know. >> stay there. we want to talk about what's been a riveting
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, attention, or stress to a young woman and her family." >>> two big names missing from the iowa straw poll ballot. texas governor rick perry and sarah palin. both gop stars are undeclared. perry says he will make a decision in a couple of weeks. palin will announce in a few months. >>> new jersey's governor chris christie insists he is not running in 2012, but he is hanging out in iowa today. he will speak at an educational conference in des moines and headline a political fundraiser for congressman steve king. >>> the hotel maid who has accused dominique strauss-kahn of sexually assaulting her is breaking her silence for the first time. in an emotional interview with news week magazine, she swears she's telling the truth and wants the ex-imf head to go to prison for what he has done. she says, "i want him to go to jail. i want him to know there are some places you cannot use your power, you cannot use your money." joining us is former sex crimes prosecutor and criminal defense attorney ricky clayman. nice to see you. nice to have you in studio. we rarely see an accuser come forth before a
on speaker boehner's debt bill. the stunning events playing out in the house could mean big losses on wall street and beyond as this debt ceiling battle pushes down to the wire. for the very latest on today's trading session i'm delighted to welcome back jim cramer host of msnbc's "mad money" and jim, can i begin with the staggering news that apple company is holding more money than the government with over $76 billion and the government with $73 billion and maybe we should ask steve jobs for a handout. >> i did a piece on "mad money" last week which the thought was that the idea that maybe we should have iusa, and in other words, if apple were to put some of the skills together with the government, we would end up with a incredibly powerful government to take over china as opposed the china take us over and astounding the world with the best products. apple is an amazing company and it is not necessarily a reflection of the united states, because every company is jealous oapple, too. >> well, we have had seriously further indication of the recession not lifting anything like we thought wi
are too high driving companies to -- there are lots of thing. >> i get that. >> to have this big debate in public before there's a crisis. in greece you know, usausterity debates come after. now before the crisis hits, you're saying it's not eminent and have it again in the election year is good. >> we're not addressing our problems. this is the point. do you believe actually that cutting at this time is going to create jobs? i mean, that's the crisis. there is, in fact, a crisis that's going on right now. >> taxes at this point -- >> there are people across this country without work. peel under incredible economic stress right now. that's the crisis. there is a crisis. >> lowering tax rates at this time will create jobbed. >> right now there's a -- just if we could introduce the fact here, right now the federal tax take is at 15% gdp. that is incredibly -- hang on. hang on. so that is incredibly low. it's incredibly low by global standards. >> yeah. >> industrialized countries, incredibly low by u.s. historical standards. >> 6070 years. >> to have an argument in which the core premise
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